Orchid Island Capital (ORC) 10-Q 2021 Q2 Quarterly report

1

Exhibit 31.1

CERTIFICATIONS

I, Robert E. Cauley,certify that:

1.

I have reviewed this quarterly report on Form 10-Q of Orchid Island Capital, Inc. (the "registrant");

2.

Based on my knowledge, this report does not containany untrue statement of a material fact or omit to state a material fact

necessary to make the statements made, in light of the circumstancesunder which such statements were made, not misleading

with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and otherfinancial information included in this report, fairlypresent in all

material respects the financial condition, results of operations andcash flows of the registrant as of, and for,the periods

presented in this report;

4.

The registrant's other certifying officer andI are responsible for establishing and maintaining disclosurecontrols and procedures

(as defined in Exchange Act Rules 13a-15(e) and15d-15(e)) and internal control over financial reporting (as definedin

Exchange Act Rules 13a-15(f) and 15d-15(f)) for theregistrant and have:

a)

designed such disclosure controls and procedures, orcaused such disclosure controls and procedures to be designed under

our supervision, to ensure that material information relatingto the registrant, including its consolidated subsidiaries,is

made known to us by others within those entities, particularly duringthe period in which this report is being prepared;

b)

designed such internal control over financial reporting, orcaused such internal control over financial reporting to be

designed under our supervision, to provide reasonableassurance regarding the reliability of financial reporting and the

preparation of financial statements for external purposes in accordancewith generally accepted accounting principles;

c)

evaluated the effectiveness of the registrant's disclosurecontrols and procedures and presented in this report our

conclusions about the effectiveness of the disclosurecontrols and procedures, as of the end of the period coveredby this

report based on such evaluation; and

d)

disclosed in this report any change in the registrant’sinternal control over financial reporting that occurred duringthe

registrant’s most recentfiscal quarter (the registrant’s fourthfiscal quarter in the case of an annual report) that has

materially affected, or is reasonably likely to materiallyaffect, the registrant’s internalcontrol over financial reporting; and

5.

The registrant's other certifying officer andI have disclosed, based on our most recent evaluation of internalcontrol over

financial reporting, to the registrant's auditors and the auditcommittee of the registrant's board of directors (orpersons

performing the equivalent functions):

a)

all significant deficiencies and material weaknesses in thedesign or operation of internal control over financial reporting

which are reasonably likely to adversely affect theregistrant's ability to record, process, summarize and report financial

information; and

b)

any fraud, whether or not material, that involves managementor other employees who have a significant role in the

registrant's internal control over financial reporting.

Date: July 30, 2021

/s/ Robert E. Cauley

Robert E. Cauley

Chairman of the Board, Chief Executive Officerand

President